Despite most analyst predictions of flattening auto sales for the foreseeable future, auto loans appear to remain a highlight in most credit union portfolios. Of particular interest to institutions financing used car loans is the average age of cars on the road setting a new high water mark of 11.6 years, per Credit Union National Association (CUNA) statistics. With that amount of mature metal on the road, demand should hold strong.

U.S. auto sales are forecasted to decline 2.1 percent in 2018 and 1 percent in 2019, per Wards Intelligence

However, outstanding used loans increased by 10.2 percent in 2017 and 9.9 percent in the year ended June 2018, per CUNA

Credit unions are leading used financing market share at 28.8 percent, a 1.1 percent rise year over year in Q2 2018, per Experian

Used car prices are projected to stabilize over the next several years, per Moody’s Analytics